Nvidia and AMD to pay Trump administration 15% of chip revenue for export licences to China | Money News
Two major US microchip makers have agreed to pay the Trump administration a portion of sales in return for export licences to send chips to China, according to reports. The world’s most valuable company, Nvidia, and Advanced Micro Devices (AMD) will give 15% of Chinese sales of two AI-powering microchips to the US government. Such…